112 Wesley WayLake PlacidFL33852
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lake Placid at 112 Wesley Way, Lake Placid, FL, 33852 priced at $109,000 converts $1,133/mo rent into $368/mo cash flow after a $534/mo obligation. Total monthly income equals $1,133/mo, and annual cash flow totals $4,415/yr on $36,134 invested. Return on cash invested prints 32.13% in year one, and rental yield reads 12.47% against a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation compiles into $30,115 by year five. Five-year ROI reaches 169.46% and total cumulative return in cash sums $61,234. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,133/mo property income covering a $534/mo payment, not borrower’s personal income.
Manufactured
Built in 1975
5,009 sqft lot
$N/A/sqft
$495 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33852, Lake Placid, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,836 (100%) |
| Owner Occupied HU | 8,147 (58.9%) |
| Renter Occupied HU | 1,867 (13.5%) |
| Vacant Housing Units | 3,822 (27.6%) |
| Median Home Value | $257,946 |
| Average Home Value | $293,604 |
Housing Distribution
Address Breakdown
Residential
12,137
Single Family
11,465
Multi-Family
672
Businesses
523
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Listed by: Deborah Fredrickson • ADVANTAGE REALTY #1
Mls Name: HFMLS
Mls ID: #307178